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Outputs (61)

Exploring the role of oil shocks on the financial stability of Gulf Cooperation Council countries (2022)
Journal Article
Elsayed, A. H., Downing, G., Lau, C. K. M., & Sheng, X. (2024). Exploring the role of oil shocks on the financial stability of Gulf Cooperation Council countries. International Journal of Finance and Economics, 29(2), 1804-1819. https://doi.org/10.1002/ijfe.2757

This study explores the relationship and connectedness between oil returns and financial stresses in six Gulf Cooperation Council (GCC) countries using daily data from September 21, 2006 to May 31, 2019. The Bayesian Graph-based Structural Vector Aut... Read More about Exploring the role of oil shocks on the financial stability of Gulf Cooperation Council countries.

A critique of the agency theory viewpoint of stock price crash risk: The opacity and overinvestment channels (2022)
Journal Article
Andreou, P. C., Lambertides, N., & Magidou, M. (2023). A critique of the agency theory viewpoint of stock price crash risk: The opacity and overinvestment channels. British Journal of Management, 34(4), 2158-2185. https://doi.org/10.1111/1467-8551.12693

This study documents a puzzling historical trend in crash risk for US-listed firms: between 1950 and 2019, the firm-year occurrences of idiosyncratic stock price crashes rose from 5.5% to an astonishing 27%. The vastness of the literature notoriously... Read More about A critique of the agency theory viewpoint of stock price crash risk: The opacity and overinvestment channels.

Does corporate ESG create value? New evidence from M&As in China (2022)
Journal Article
Zheng, Z., Li, J., Ren, X., & Guo, J. M. (2023). Does corporate ESG create value? New evidence from M&As in China. Pacific-Basin Finance Journal, 77, Article 101916. https://doi.org/10.1016/j.pacfin.2022.101916

Using a large sample of Chinese companies' domestic M&A, this study provides new evidence on the financial payback of corporate ESG and its dynamics. We find that acquirers' ESG rating is positively correlated to post-M&A performance and deal complet... Read More about Does corporate ESG create value? New evidence from M&As in China.

Financial connectedness and risk transmission among MENA countries: Evidence from connectedness network and clustering analysis (2022)
Journal Article
Balcilar, M., Elsayed, A. H., & Hammoudeh, S. (2023). Financial connectedness and risk transmission among MENA countries: Evidence from connectedness network and clustering analysis. Journal of International Financial Markets, Institutions and Money, 82, https://doi.org/10.1016/j.intfin.2022.101656

This study examines the financial connectedness and risk transmission among MENA economies by accounting for financial connectedness in the short and long run as well dependency under extreme market conditions and network graph analysis. To this end,... Read More about Financial connectedness and risk transmission among MENA countries: Evidence from connectedness network and clustering analysis.